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Turkmenistan and China discuss joint projects in oil and gas sector

Turkmenistan and China discussed the preparation of new joint projects in the oil and gas sector, states the report of the Government of Turkmenistan on Aug. 28.

The report notes that these issues were discussed during the meeting of President of Turkmenistan Gurbanguly Berdimuhamedov in Ashgabat with Vice-Premier of the State Council of China Zhang Gaoli.

Vice Premier Wu Yi said that the state visit of the President of Turkmenistan to China in May of this year gave new momentum to the intergovernmental dialogue.

According to the results of this visit, bilateral documents were signed, which became the starting point for the preparation of new joint projects in various fields, especially in oil and gas sector, important to the economies of the two countries.

During the meeting Gaoli noted the exceptional appeal of the Turkmen market due to creation of a congenial investment climate in the country and the state support for foreign business, the report said.

China's CNPC has bought gas in Central Asia since 2009. Purchases began after the launch of the first two branches of the Turkmenistan-Uzbekistan-Kazakhstan pipeline (A and B). The third branch (C) of the pipeline along the same route was put into operation in June this year.

An agreement on increase of gas supply up to 65 billion cubic meters in 2020 was signed between China and Turkmenistan, and the fourth branch (D) of the pipeline through Uzbekistan, Tajikistan and Kyrgyzstan is being built for that purpose.